If $802,000 of 11% bonds are issued at 102 1/2, The amount of cash received from...

Question

Question

If $802,000 of 11% bonds are issued at 102 1/2, The amount of cash received from the sale is

a.$890,220

b.$802,000

c.$822,050

d.$601,500

business accounting

Answer 1

Answer #1

cash received from the sale is equal to

=$802,000*102.5%

which is equal to

=$822,050

Answer 2

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